Where Have All the Big VC Deals Gone?

What's behind the Series A Crunch? Since 2008, the gap between the number of seed rounds and Series A investments has widened.

A disturbing rumor has been snaking its way through Silicon Valley and the start-up community: Venture capitalists aren't funding start-ups, specifically with investments of more than $1 million, as they have in the past. The rumor even has a name: the Series A Crunch.